Clifford Walker Sells 1,088 Shares of Power Integrations, Inc. (NASDAQ:POWI) Stock

Power Integrations, Inc. (NASDAQ:POWI) VP Clifford Walker sold 1,088 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $50.89, for a total value of $55,368.32. Following the completion of the transaction, the vice president now directly owns 141,765 shares in the company, valued at $7,214,420.85. This represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Clifford Walker also recently made the following trade(s):

• On Monday, February 10th, Clifford Walker sold 1,131 shares of Power Integrations stock. The stock was sold at an average price of $58.01, for a total value of $65,609.31.
• On Tuesday, February 4th, Clifford Walker sold 2,472 shares of Power Integrations stock. The stock was sold at an average price of $60.75, for a total value of $150,174.00.

Power Integrations Price Performance

NASDAQ:POWI opened at $43.68 on Friday. The stock has a market cap of $2.48 billion, a PE ratio of 76.63, a price-to-earnings-growth ratio of 4.08 and a beta of 1.32. Power Integrations, Inc. has a fifty-two week low of $41.19 and a fifty-two week high of $79.13. The stock’s 50-day moving average is $58.27 and its two-hundred day moving average is $61.39.

Power Integrations (NASDAQ:POWI) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. On average, equities research analysts anticipate that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Friday, February 28th. Power Integrations’s dividend payout ratio (DPR) is presently 147.37%.

Analyst Ratings Changes

A number of research firms have commented on POWI. Benchmark reaffirmed a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research note on Friday, February 7th. StockNews.com downgraded shares of Power Integrations from a “buy” rating to a “hold” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $78.00.

Institutional Trading of Power Integrations

Hedge funds and other institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in Power Integrations in the fourth quarter valued at about $288,000. UMB Bank n.a. lifted its holdings in shares of Power Integrations by 43.9% during the 4th quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 192 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Power Integrations by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 654,973 shares of the semiconductor company’s stock valued at $40,412,000 after buying an additional 33,741 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Power Integrations by 89.6% in the third quarter. BNP Paribas Financial Markets now owns 57,165 shares of the semiconductor company’s stock worth $3,665,000 after buying an additional 27,016 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new position in Power Integrations during the fourth quarter valued at approximately $227,000.

About Power Integrations

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.